2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $26.96, but opened at $28.52. 2x Bitcoin Strategy ETF shares last traded at $28.21, with a volume of 2,520,175 shares changing hands.

2x Bitcoin Strategy ETF Price Performance

The business’s 50-day moving average is $39.89 and its 200 day moving average is $51.32.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several institutional investors have recently bought and sold shares of BITX. Highline Wealth Partners LLC bought a new position in 2x Bitcoin Strategy ETF during the 3rd quarter worth approximately $28,000. Parallel Advisors LLC bought a new position in shares of 2x Bitcoin Strategy ETF in the second quarter worth approximately $78,000. Silverleafe Capital Partners LLC increased its stake in shares of 2x Bitcoin Strategy ETF by 13.3% in the third quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock worth $626,000 after buying an additional 1,331 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 2x Bitcoin Strategy ETF by 35.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock valued at $941,000 after buying an additional 4,521 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its holdings in 2x Bitcoin Strategy ETF by 14.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock valued at $2,019,000 after buying an additional 4,735 shares during the last quarter.

About 2x Bitcoin Strategy ETF

(Get Free Report)

The 2x Bitcoin Strategy ETF (BITX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures Daily Roll index. The fund aims to provide 2x the daily price movements of an index based on rolling front-month CME bitcoin futures. BITX was launched on Jun 27, 2023 and is managed by Volatility Shares.

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